Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4368 | +0.0100 | pay 0.0013% / 1h | 10m 55s | $4.1M | $635K | 5x | Long Hyperliquid4% off | |
| SHORT | 0.4364 | +0.0014 | get 0.0007% / 4h | 2h 10m | $179K | $104K | 25x | Short Gate |
Price gap−0.092%
Funding gap−0.0086% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.027% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11−0.0086% /8h now · paid +0.106% over the last 7D
Price−$3spread −0.092% now, avg −0.064% → −0.027% if it goes back
Costs−$790.793% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.092%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMNT on 16 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size19.0 / 24.1 bpAt $10k entering Gate costs 24.1 bp, fee and slippage, 1.3× Hyperliquid’s.
- Note: Margin at max leverage$2,000 + $400Hyperliquid 5x, Gate 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.58Long Hyperliquid: 24 payments, −$3.00; short Gate: 6 payments, +$0.42.
- Watch: Gap narrower than usual−0.092% vs −0.064%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$179K vs $4.1M OIGate sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.64
Price spread−0.092% → −0.064% (7d avg)−$2.73
Slippage, 4 orderslive order books−$55.25
Fee Hyperliquid bp × 2 orders−$9.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$71.34
Costs to cover0.793%Break-even53.9 days
Slippage: Hyperliquid: live order book, 4 min ago; Gate: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.1219.0 bp−$1938.8 bp−$388doesn’t fitdoesn’t fit
SELL · SHORTGate6.9124.1 bp−$24doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC
Extended